I currently have a property valued at €450k. The house is rented out & basically covers the mortgage. The property is registered with the prtb.
I earn 40k a year & have 20k available to use.
I am looking into buying a second property to move into as I want to keep renting out the 1st property. I am wondering how much of a mortgage I would be offered by the banks.
Also, would I be eligble for Mortgage Interest Relief on the 2nd property if I moved into the 2nd property??
Thanks in advance.
I earn 40k a year & have 20k available to use.
I am looking into buying a second property to move into as I want to keep renting out the 1st property. I am wondering how much of a mortgage I would be offered by the banks.
Also, would I be eligble for Mortgage Interest Relief on the 2nd property if I moved into the 2nd property??
Thanks in advance.